Financial controllers are key inviduals in the company when it comes to gathering key data and providing dashboards and balance scorecards, either financial or qualitative...
The determining role of financial controllers
Financial controllers must provide synthetic analysis, ensuring data reliability and on-time output dashboards.
They are also confronted with many change requests (i.e. new indicators) and should be at the avant-garde of presentation methods.
The role of the controller is crucial because dashboards are provided to the management and used as a tool for decision support. And beyond that, a way to federate processes around indicators monitored by the management.
Why Reportive for financial controlling
With Reportive, you can easily:
Consolidate heterogeneous data so as to meet the company's reporting needs - creating dashboards in different formats (xls, doc, ppt, pdf…) without any specific development (macros, code…):
- Earning results
- Working capital needs indicators (clients, suppliers, stock…)
- Activity and performance management dashboards; Balanced ScoreCard
- Social reports
- Traceability and transparency of reliable data.
Create and share a set of business rules (processes, calculations) using composite objects, so as to guarantee the consistency of processes across the company.
Improve the processing of specific, ad hoc requests while retrieving information quickly so as to guarantee accurate management rules and decisions - thanks to the tool's great flexibility.
Automate dashboard creation and updates in the long term.
If your budget decision relies on your business plan, you will be creating a financial action plan. This can serve several, useful purposes, particularly if you review your budgets regularly as part of your annual planning cycle.
With Reportive, Financial controllers can create and track indicators and can easily analyze data (budget, actual results) using Excel pivot tables.
Planning and budgeting
Reportive makes it possible to extract and consolidate information as well as integrate manual inputs and automate data delivery - for integrated operations management. Integrating new budget information does not mean creating new axes or new tables - the existing data structure is retained.
Creation of new KPIs and dashboards
Responsiveness and Productivity: The automation of reporting and the flexibility of the solution change the existing reporting and allow the Finance Department to provide timely reporting necessary to operational branches.
Reliability and standardization: The automated process of data extraction and data cross from disparate sources avoids file manipulation and source of errors. Data quality is validated at each stage of the process. Reporting for the various operational divisions come from the same process.
The Finance Department moves from data production service to data analysis. Time saved in daily work (performing calculations, formatting documents and tables) allows the department to focus on value-added tasks.